A lot of information in it is specific to First Round, but
there's also an excellent section on the five often-overlooked
qualities First Round looks for in entrepreneurs.

They are:

Delaying gratification — founders must be
willing to give up comfort, like a high-paying job at a big
tech company, for many years to build something valuable. First
Round wants to see if you've got a demonstrated capability for
delayed gratification, like skipping spring break to work on a
long-term project.

Admitting you don't know everything
— Some founders try to have an answer for every
question, and insist there are no possible risks to their
business model. First Round prefers founders who know what they
don't know, and admit it.

Good storytelling – If you can't explain your
story to First Round, they doubt you'll be able to explain it
to customers, future investors, or the press.

Founder-market fit – You don't
necessarily need experience in the area you're trying to tackle
with your startup, but you need a good argument to explain why
you're capable of winning there. "We’ve lost a ton of
money betting on seasoned enterprise founders pursuing consumer
ideas, and vice versa," the firm warns.

Speed – They want to see that you're
executing very fast even during the limited time window they're
considering an investment.